DOT/USD LONG 4hr DOT managed to break through resistance at 19.0. Further uptrend movement could be in (short term). Chart also formed a double bottom at 18.0, this is a bullish signal
Worth nothing that resistance level at 20.7 is strong, be cautious.
entry: 19-20USD
target 23 USD
Not financial advice.
DOTUSD
Polkadot | Weekly TimeframeThis is the last Altcoin we will look at today.
Polkadot (DOTUSD), weekly (W) timeframe.
We have the same base as the other Altcoins we looked at, namely ETH, ADA & SOL.
That is a bearish candle this week with bearish indicators.
Both the MACD and RSI are trending lower.
The mixed signals here are coming from the ascending trendline of the giant flag drawn.
The rising trend-line can work as support and the uptrend resume... If this support fails we are likely to see lower.
I also looked at the 3 Line Break and Renko charts and they are fully bearish...
We will know soon anyways.
Thank you for reading.
Wishing you a lovely Sunday.
Namaste.
DOT returned to support at the price $ 18.65Hi, let's take a look at the 4H DOT / USDT chart. We can see that the DOT valuation has dropped below its previous support and below the local uptrend line.
We can currently designate 3 levels of support at prices: $ 18.65, $ 17.41 and $ 15.83. The DOT price has rebounded from the first support and remains at $ 19.
Looking above, it is worth determining the 3 resistance points that price has in front of it on the poisomes: $ 19.74, $ 20.37 and $ 20.91.
It is also worth paying attention to the CHOP indicator, which shows a decrease in energy in the 4H interval and the MACD indicator, which shows that when the blue linen cut the red one from the top, the price began to drop.
DOT Diem fundamentals dissolve, more bullish on SOL nowTo keep this short, it's now very public knowledge that Diem is no longer being pursued by FB and therefore the fundamentals have decreased for DOT. I still remain bullish on DOT but this is likely going to play out over a longer period of time. I would diversify into market leaders like SOL in the meantime and get some exposure to this top project as I've spoken to some developers and they speak about the ease of use with Solana's programming language which is a game changer in terms of onboarding legacy developers into the crypto world.
Here's my latest post on SOL:
What if $DOT has just completed the very first wave in its cycleI really like Polkadot and its solid way of building the ecosystem step by step. In the previous post, I did assume $DOT would move the Elliot Ending Diagonal with the BTC's downtrend.
But in this post, I make a new idea in long term for this token in case BTC has finished the downtrend and will keep the bull run this year. I realize the big channel between the peaks and dips, $DOT could be seemed to just complete the running flat correction in the first wave in its cycle.
If this idea comes true, how big the next wave will be large? But at least in short term, I will hold and stick to the Fib Retracement levels.
If you agree with this idea, please give me a like and share it.
Thank you
NFA
a Full Detailed TA for DOTHello every one
DOT / TETHERUS
DOT has been Declined By It's Bearish Trend Line Multiple Times ( The Dynamic Resistance) and Was Not Able To Break it and Become Bullish Since It's ATH. There is also Hidden Bearish Divergence (-HD) on Both MACD and RSI Indicators as well Which Tells of yet another Bearish Movement. But The Price has been in a Small Ascending Triangle and Now The Break out Required For Bullish Movement has already happened and the bullish Movement has happened Too But It wasn't Strong Enough To break the Dynamic Resistance. So we are Expecting a Pullback From The Trend line The Top of the Ascending Triangle which is a Great Support for DOT (Around 19-20$) and than It will be Finally able to Break the Dynamic resistance and Start a New Bullish Trend From There. The First Resistance after Break out Is around 23$ which is shown on the Picture.
_________________________________________________
Thank you for seeing idea .
Have a nice day and Good luck
Polkadot don't give up-Do you remember last dip (May-July) ? i posted analysis and found the perfect bottom at 10$. ( i will post it in comments )
- So this time imho it's not the same because alts are almost bottomed already.
- This graph is a bit messy but you can see clearly demands zones.
- The difficulty is not to find where we go but when we go.
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Trading Plan
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Buy : 24$-25$ ish
Rebuy : 20$ ish
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Tp are unchanged from my last analysis
TP1 : 75$ ish (161.8%)
TP2 : 100$ ish (216.8%)
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Believe in Polkadot because to be a part of Parachain, Projects have to buy more DOT, Polkadot is poised to go up with time.
if you didn't take the train in July. You get another opportunity right now.
As always follow TheKing movements for safety!
Happy Tr4Ding !
Polkadot (DOT) - February 7Hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(DOTUSD 1W Chart)
It is important to keep the price above the 20.27 point.
If the price holds above the 20.27 point, I would expect it to move above the 30.75 point.
If it goes down from the uptrend line, it could fall below the 10.16 point, so trade with caution.
It must rise above the 30.75 point to turn into an uptrend.
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(DOTBTC 1W chart)
0.0003 911 - 0.0004 872 or higher: Expected to create a new wave.
However, it must rise above the 0.0005 850 point to turn into an uptrend.
A drop below the 0.0003 911 point could lead to a drop below the 0.003 242 point, so trade with caution.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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POLKADOT, Major Descending-Triangle, How It Completes!Hello,
Welcome to this analysis about Polkadot on the 12-hour timeframe perspectives. In recent times the Cryptocurrency market showed up with some interesting developments, for now there are still mixed signals in the market therefore it is important to look at the different setups the Cryptocurrencies are forming. When looking at my chart we can watch there how Polkadot emerged with this massive descending triangle formation in which it has a coherent wave count with the waves A to C almost already completed. Now with the development of wave D Polkadot is forming this bear flag formation which has a high possibility to complete in the near future which will show up with the origin of the wave E to finalize the whole wave count. Once this wave E emerged it will be decisive on how Polkadot approaches the major lower support level marked in my chart, if Polkadot bounces off this level appropriately this has a good ability to complete the whole descending triangle with a breakout above the upper boundary as shown in my chart, once completed activation of the initial target zone will happen and once this target has been reached with Polkadot having the appropriate momentum to continue the next target zone will be appointed as seen in my chart. For now, it will be necessary to await the confirmation before moving to further conclusions, it will be an interesting development ahead.
In this manner, thank you for watching the analysis, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
DOT | Bullish Flag Formation..!!
b]#DOT (update)
Bullish Flag Formation in Daily timeframe Chart..!!
In Case of Breakout, Expecting Massive Bullish Wave (Targets Would be 50$)
📍 Always Wait for Confirmed Breakout & Candle to Close and Only then ENTER..
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DOT/USDT interval 4hHi
We will look at DOT / USDT over a 4 hour period. As you can see in the chart, it created an uptrend channel and built higher lows and higher highs. We have current support from the so-called Fibretracement Gold Support 0.618 at $ 18.45. However, resistance comes at $ 19.28 and another $ 19.77.
Additionally, the MACD indicator shows how in the case of an earlier rebound, the blue line crossed the red line from the bottom, and now the blue line is approaching the red line from the top.
Please note that this is a short-term look at the 4H chart.
DOTUSD D1: 1000%+ gains THE BEST Level to BUY/HOLD (UPDATE)Why get subbed to me on Tradingview?
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DOTUSD D1: 1000%+ gains THE BEST Level to BUY/HOLD (SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
IMPORTANT NOTE: read entire idea before
execution. Tagged as BULLISH because I expect
reversal once we hit 8/9 USD.
🔸 Summary and potential trade setup
::: DOTUSD D2 chart review
::: chart looks good /strong
::: HOWEVER short-term
::: expect 40-50% correction mode
::: setup still valid as of right now
::: previously massive BULL TRAP after
::: FAILURE to break CYCLE HIGH
::: get ready to BUY LOW later
::: expecting BEAR TRAP near 8/9USD
::: i.e. FAKE BREAKDOWN of key S/R
::: best reload bulls near 8/9USD later
::: expecting 1000% bull run
::: re-test of sliding S/R line
::: near 100 USD later
::: BULLS stay out be ready later
::: expecting short-term correction
::: BULLS get ready to BUY after CORRECTION
::: TP bulls is +1000% gains later
::: expecting decent gains soon
::: 40-55% CORRECTION short-term
::: recommended strategy: BUY/HOLD after CORRECTION
::: TP BULLS +1000% gains / 25 USD
::: BEST reload BULLS near 8-9 USD
::: TP BULLS is 100 USD final EXIT
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.